Trump says tax law, United States economy helping Hispanics

18 April, 2018, 05:34 | Author: Terri Saunders
  • Trump promotes Republican tax law during Hialeah visit

Apple, IBM and other corporations are bringing back billions of dollars parked overseas due to high tax rates, investing in their USA -based infrastructure and hiring more employees.

Speaking a day before the personal income tax filing deadline, Trump said, "This is the last time you're going to fill out that long, complicated, terrible return".

He added that jobs have been created and that Americans have seen an increase in their paychecks, received raises and bonuses, and have lower monthly utility bills because tax savings caused electric companies to lower their prices.

He said next year, once the tax law is fully implemented, filing a federal return will be "simple and easy to do". These penalties largely hit lower-income and middle-class Americans - 80% of the penalties were paid by families making less than $50,000 per year. We are at the doorstep of energy independence. That is why I insisted that the tax law also create "Opportunity Zones" that target investments in distressed communities.

Trump accuses Russian Federation and China of currency devaluation
Germany, Japan, Korea, and Switzerland also remain on the "monitoring list", while India was added in the latest report. Higher interest rates will increase the value of the U.S. dollar, making American exports more expensive.

I want every American to have good jobs, rising paychecks and the opportunity to live a life of meaning, goal and joy. Paychecks are climbing. Tax rates are going down.

Trump praised the strength of the economy at a business round-table in a predominantly Latino Miami suburb, telling the audience the country is "starting to really rock" with businesses coming back to the country and corporations facing fewer regulations.

'Our Democratic colleagues, since they bet against the American people and bet against the economy, now are determined to eliminate that tax cut and to condemn our economy and our workforce to slow growth and anemic wages.



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